Peoples State Bank

Status:Inactive as of 11/16/2018
 Merger - Without Assistance
Successor Bank:Minnwest Bank
Headquarters:Peoples State Bank
401 Maple St
Summit, SD 57266
Established:09/12/1927
FDIC Insurance:01/01/1934
FDIC Cert:#9950
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$74,230,000
Total Deposits:$62,072,000

History

1927-09-12Institution established: Original name:Peoples State Bank
2018-11-16Acquired First State Bank (15787) in WILMOT, SD
2018-11-16Merged into and subsequently operated as part of Minnwest Bank (16958) in REDWOOD FALLS, MN
2021-11-19Acquired RoundbankMinnwest Bank (5271) in WASECA, MN.

Financial Information (2018-09-30 and Older)